WEC Energy Group Inc (WEC)
WEC Energy Group, based in Milwaukee, Wisconsin, provides electricity and natural gas to 4.4 million customers across four states.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 37.19% per annum.
- WEC price at the close of March 31, 2025 was $108.98 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 88.01% per annum.
- WEC price at the close of March 31, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of WEC price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: January 18, 2024
End date: March 31, 2025
a = 3.0829
b = 0.0009
s = 0.0397
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 37.19%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0397) – 1
= 17.23%
January 18, 2024 calculations
Top border of price channel:
Exp(Y955)
= Exp(a + b × X955 + 2 × s)
= Exp(a + b × 1,387 + 2 × s)
= Exp(3.0829 + 0.0009 × 1,387 + 2 × 0.0397)
= Exp(4.3639)
= $78.57
Bottom border of price channel:
Exp(Y955)
= Exp(a + b × X955 – 2 × s)
= Exp(a + b × 1,387 – 2 × s)
= Exp(3.0829 + 0.0009 × 1,387 – 2 × 0.0397)
= Exp(4.2050)
= $67.02
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.0829 + 0.0009 × 1,825 + 2 × 0.0397)
= Exp(4.7434)
= $114.82
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.0829 + 0.0009 × 1,825 – 2 × 0.0397)
= Exp(4.5844)
= $97.95
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 37.19% per annum.
- WEC price at the close of March 31, 2025 was $108.98 and was inside the primary price channel.
Secondary Trend
Start date: December 18, 2024
End date: March 31, 2025
a = 1.5403
b = 0.0017
s = 0.0167
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0017) – 1
= 88.01%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0167) – 1
= 6.89%
December 18, 2024 calculations
Top border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 + 2 × s)
= Exp(a + b × 1,722 + 2 × s)
= Exp(1.5403 + 0.0017 × 1,722 + 2 × 0.0167)
= Exp(4.5521)
= $94.83
Bottom border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 – 2 × s)
= Exp(a + b × 1,722 – 2 × s)
= Exp(1.5403 + 0.0017 × 1,722 – 2 × 0.0167)
= Exp(4.4855)
= $88.72
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(1.5403 + 0.0017 × 1,825 + 2 × 0.0167)
= Exp(4.7303)
= $113.33
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(1.5403 + 0.0017 × 1,825 – 2 × 0.0167)
= Exp(4.6636)
= $106.02
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 88.01% per annum.
- WEC price at the close of March 31, 2025 was inside the secondary price channel.